Tuesday, October 16News That Matters

Policies

Fourth Bi-monthly Monetary Policy Statement, 2018-19

Fourth Bi-monthly Monetary Policy Statement, 2018-19

Business & Corporate, Policies
In the Fourth Bi-monthly monetory policy, announced today, Monetary Policy Committee (MPC) of RBI decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, kept the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The decision of the MPC is consistent with the stance of calibrated tightening of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent while supporting growth. The main considerations underlying the decision are set out in the statement below. 1. keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5
The government is providing subsidy on crop residue management machinery

The government is providing subsidy on crop residue management machinery

Policies
Minister of Agriculture and Farmers’ Welfare Shri Radha Mohan Singh has said hundreds of millions of waste produced in India comes from agriculture and agricultural enterprises. According to statistics, 70% of the waste is used in industrial sector and as domestic fuel. The remaining waste can be converted into bio-components and bio fuels and can also be used in the generation of energy. While addressing National Conference on “Potential of Waste in Energy Generation and its Challenges” organized by the Ministry of Agriculture & Farmers’ Welfare and Indian Federation of Green Energy (IFGE) today he emphasized the need to eliminate pollution caused by the burning of crop residues and said that the poisonous gas generated by it affects human health and destroys soil nutrients. He inform
MCA: Transfer of all Shares by Unlisted Public Companies to be in Dematerialised Form only

MCA: Transfer of all Shares by Unlisted Public Companies to be in Dematerialised Form only

Market, Policies
MCA notifies  issue & transfer of all shares in dematerialised form only by all unlisted Public companies The Ministry of Corporate Affairs (MCA) has notified that with effect from 2nd October, 2018, issue of further shares and transfer of all shares by unlisted public companies shall be in dematerialised form only. The MCA has taken this step as a measure for further enhancing transparency, investor protection and governance in the corporate sector. The rules in this regard have been amended accordingly.   According to the MCA, the major benefits of dematerialisation of securities which will now be available to unlisted Public companies include:-   Elimination of risks associated with physical certificates such as loss, theft, mutilation, fraud etc. Improvi
The government has approved the commercial use of drones

The government has approved the commercial use of drones

Logistics, Policies
Starting December real estate developers, power producers and mining companies, among others, can use drones for mapping, surveying and photography purposes. But e-commerce companies will have to wait to deliver shipments via the aerial route, with the drones allowed to fly only along the visual line of sight, below 400 feet and with riders on weight. Manufacturers feel the rules are too restrictive as any drone intended for commercial use will weigh more than 2 kg, making it necessary for the operator to seek permission every time it’s operated.
Cabinet apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation

Cabinet apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation

Policies
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Agreement between India and Denmark on Cooperation in the field of Science, Technology and Innovation. A historic milestone in the Indo-Danish Science and Technology relationship was reached on 22ndMay 2018 through signing of an Agreement on Cooperation in the field of Science, Technology and Innovation between India and Denmark. Benefits: This will open a new chapter in bilateral relations as both sides will now leverage complementary strengths spurred by a significant convergence of mutual interests in Science, Technology and Innovation. The objective of the Agreement is to encourage, develop and facilitate co­operation between India and Denmark in fields of common interest within Science, Te
Cabinet apprised of the MoU between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying

Cabinet apprised of the MoU between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying

Policies
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has been apprised of the Memorandum of Understanding (MoU) signed between India and Denmark for cooperation in the fields of Animal Husbandry and Dairying. The MoU was signed on 16.4.2018. The MoU aims to develop bilateral cooperation in the field of Animal Husbandly and Dairying for the purpose of broadening the existing knowledge base on dairy development and institutional strengthening. A Joint Working Group (JWC) consisting of representatives of each party shall be created to formulate joint programmes, facilitate cooperation and consultation and subsequent evaluation. Danish partnership is expected to facilitate exchange ofknowledge & expertise in the areas of animal breeding, animal health and dairying, fodde...
Cabinet approves MoU between India and Singapore on Cooperation in the field of Planning

Cabinet approves MoU between India and Singapore on Cooperation in the field of Planning

Policies
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex post-facto approval to the MoU between India and Singapore on cooperation in the field of urban planning and development. The MoU was signed on 31st May 2018. The objective of the MOU is to facilitate government agencies in the Centre and States, including Municipal Bodies, to readily tap into the expertise of Singapore agencies in the areas of urban development and management and other areas, and thus help in urban rejuvenation, mission. This will also facilitate to build capacities in NITI and equip the officials with skills related to evidence based policy writing, evaluation etc. and help NITI to play the newly assigned role of a Think Tank in a more effective manner. Under this MOU, capacity buil
Centre has approved 2 projects for Haryana under RRTS: Manohar Lal Khattar

Centre has approved 2 projects for Haryana under RRTS: Manohar Lal Khattar

Policies
The Centre has approved two projects for Haryana under the Regional Rapid Transit System (RRTS), including one to connect Delhi with Panipat via Sonipat, Chief Minister Manohar Lal Khattar said today. The other project will connect Delhi with Alwar in Rajasthan via Gurgaon and Manesar in Haryana, he told reporters at the Modern Industrial Estate Metro station after the inauguration of the Delhi Metro's Mundka-Bahadurgarh line by Prime Minister Narendra Modi. Khattar thanked Modi and said the central government has given many projects to the state which shows "special affection of the PM towards Haryana". The chief minister said a cost of Rs 2,028 crore was incurred on the 11.2-km stretch, the foundation of which was laid on February 2, 2013. "It will not only benefit about 1.5 ...
DAC approves Equipment Acquisition proposals for Defence forces worth over Rs 5500 Crore

DAC approves Equipment Acquisition proposals for Defence forces worth over Rs 5500 Crore

Policies
The Defence Acquisition Council (DAC), chaired by Raksha Mantri Smt Nirmala Sitharaman, met here today and accorded approval for the procurement of equipment for the Defence Forces valued at over Rs 5500 crore. Pursuing the goal of indigenisation and self-reliance in the field of Defence Procurements, the DAC approved procurement of 12 High Power Radars for the Indian Air Force under ‘Buy (Indian) IDDM’ category. The radars will provide long range medium and high altitude radar cover with the capability to detect and track high speed targets following parabolic trajectories. Technologically superior, the radars will have the capability to scan 360o without mechanical rotation of Antenna and will operate on 24 x 7 basis with minimal maintenance requirement. Their procurement will enhance t